| The Unit Value of a club is the same as the Net Asset Value (NAV) of
a mutual fund. It is the amount of money required to purchase
one share of your club. Member Payments may be in any amount and
are credited in partial units based on the current Unit Value.
The Unit Value does not change when members make payments -
it only changes with the value of your club investments (and
interest, dividends, etc).
We use an initial Unit Value of $10.
Once the club is in operation, the Unit Value fluctuates along with
your club's portfolio and is also changed by dividends, expenses, etc.
The initial Unit Value is merely an arbitrary starting point.
Please also visit our Valuation Date help topic.
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